TORONTO, July 25, 2014 /PRNewswire/ - Seabridge Gold Inc. (TSX:SEA)(NYSE: SA)
(the "Company") announced today that it has filed a preliminary short
form base shelf prospectus with the securities commissions in each of
the Provinces of Ontario, Alberta and British Columbia and a
corresponding registration statement on Form F-10 with the United
States Securities and Exchange Commission (SEC).

Seabridge Chairman and CEO Rudi Fronk commented that: "Following the
closing this week of our $13.8 million financing, we do not currently
have any plans to arrange additional funding. The purpose of this shelf
prospectus is to give us greater flexibility should additional funding
be required in the future. The dollar limit noted in the filing does
not reflect a considered estimate of future financing requirements,
which will depend upon future developments and are unknowable at this
time."

The shelf prospectus filings, when final, will allow Seabridge to make
offerings of common shares up to an aggregate total of Cdn$100 million
during the 25-month period that the final short form base shelf
prospectus remains effective. Common shares may be offered in amounts,
at prices and on terms to be determined based on market conditions at
the time of sale and set forth in one or more shelf prospectus
supplements and, subject to applicable regulations, may include
at-the-market transactions, public offerings or strategic investments.
The net proceeds from any sale of the common shares will be used for
general corporate purposes, including funding future exploration and
development work on the Company's two material assets, the KSM Project
and the Courageous Lake Project. More detailed information regarding
the use of proceeds from a sale of common shares will be included in
the applicable prospectus supplement.

A copy of the preliminary short form base shelf prospectus, the final
short form base shelf prospectus and any shelf prospectus supplements
that may be filed in the future, can be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov or may be obtained by request to the Assistant Corporate Secretary,
Seabridge Gold Inc., 106 Front Street East, Suite 400, Toronto,
Ontario, M5A 1E1, Canada (Telephone: 1-416-367-9292)

Seabridge holds a 100% interest in several North American gold resource
projects. The Company's principal assets are the KSM property located
near Stewart, British Columbia, Canada and the Courageous Lake gold
project located in Canada'sNorthwest Territories. For a breakdown of
Seabridge's mineral reserves and resources by project and category
please visit the Company's website at http://www.seabridgegold.net/resources.php.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended, or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless an exemption from such registration is available.

Neither the Toronto Stock Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.

All reserve and resource estimates reported by the Company were
calculated in accordance with the Canadian National Instrument 43-101
and the Canadian Institute of Mining and Metallurgy Classification
system. These standards differ significantly from the requirements of
the U.S. Securities and Exchange Commission. Mineral resources which
are not mineral reserves do not have demonstrated economic viability.

Statements relating to the estimated or expected future production and
operating results and costs and financial condition of Seabridge,
planned exploration work at the Company's projects and the expected
results of such work are forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995
and "forward-looking information" within the meaning of Canadian
securities legislation (both are referred to herein as "forward-looking
statements). Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by words
such as the following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur, including in
relation to whether resources will be increased and such increase will
more than offset dilution. Information concerning exploration results
and mineral reserve and resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what
might be found to be present when and if a project is actually
developed. These forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered reasonable
at the time they are made, are inherently subject to a variety of risks
and uncertainties which could cause actual events or results, including
the ability of the Company to successfully close any financing pursuant
to the short form base shelf prospectus and corresponding registration
statement, to differ materially from those reflected in the
forward-looking statements, including, without limitation:
uncertainties related to raising sufficient financing to fund the
planned work in a timely manner and on acceptable terms; changes in
planned work resulting from logistical, technical or other factors; the
possibility that results of work will not fulfill
projections/expectations and realize the perceived potential of the
Company's projects; uncertainties involved in the interpretation of
drilling results and other tests and the estimation of gold reserves
and resources; risk of accidents, equipment breakdowns and labour
disputes or other unanticipated difficulties or interruptions; the
possibility of environmental issues at the Company's projects; the
possibility of cost overruns or unanticipated expenses in work
programs; the need to obtain permits and comply with environmental laws
and regulations and other government requirements; fluctuations in the
price of gold and other risks and uncertainties, including those
described in the Company's December 31, 2013 Annual Information Form
filed with SEDAR in Canada (available at www.sedar.com) and the
Company's Annual Report Form 40-F filed with the U.S. Securities and
Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml).When relying on our forward-looking statements to make decisions with
respect to Seabridge, investors and others should carefully consider
the foregoing factors and other uncertainties and potential events.
Seabridge does not undertake to update any forward-looking statement,
whether written or oral, that may be made from time to time by
Seabridge or on our behalf, except as required by law.